LPL Financial LLC Sells 3,402 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

LPL Financial LLC lowered its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,378 shares of the apparel retailer’s stock after selling 3,402 shares during the quarter. LPL Financial LLC’s holdings in Urban Outfitters were worth $6,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Quarry LP increased its stake in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after purchasing an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on URBN shares. Barclays upped their price target on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Finally, Robert W. Baird upped their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Stock Performance

URBN opened at $46.61 on Monday. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.02 and a beta of 1.37. The company has a fifty day moving average of $53.81 and a 200 day moving average of $48.22. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares of the company’s stock, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Azeez Hayne sold 11,676 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Insiders have sold a total of 99,976 shares of company stock valued at $5,573,263 in the last quarter. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.